The head of Australia’s business regulator said yesterday the Offset Alpine Printing case involving high-profile stockbroker Rene Rivkin is a major issue for his body and Australia. The comments follow a raid on Rivkin’s Sydney home last week, when ASIC investigators hunted for documents relating to the ownership of Offset Alpine Printing.

David Knott, chairman of the Australian Securities and Investments Commission, said there was no time-frame on the case but it would “inevitably” move into next year.

“If it proves to be the case that prominent Australians have used Swiss bank accounts to deliberately conceal transactions in breach of our law, it’s a major issue for Australia and for ASIC and we have to do something about it,” he said.

Last week ASIC raided Mr Rivkin’s Sydney home, offices and boat as part of its investigation into the ownership of Offset Alpine Printing.

Australian regulators previously tried to identify the owners of the stake in the mid-1990s.

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